3 Mistakes I Learned in the Scaling Process
3 Mistakes I Learned in the Scaling Process
When you think of a superhero, what do you think of? A flying man or woman in tights with bulging muscles, and an insanely strong moral compass? Well I think of the entrepreneurs that don’t stop scaling their buAre you a solo-preneur looking to scale your business so you have more free time? Have you struggled with the knowledge and expertise to scale appropriately? Have you found it hard to hire the proper kind of employees to make scaling a possibility? I have the answer for you.
Scaling is a tough topic because it's only conducive to a business that is set up correctly for scaling. Most people start a business, get burnt out, and then want to scale. The proper way to scale a business is to start the business with scaling in mind.
I run ten corporations and each are fully automated and have four of my businesses that are automated as well. The first business was the hardest because I didn't start with scaling in mind. I started my business how most do, having knowledge and experience that I could market to the general public.
Scaling my first business was difficult because I had the wrong mindset going into it. Not to mention, I'm kind of a control freak and wanted to have control of every single thing in my business. It took a lot of practice and a fantastic mentor for me to see what I was doing wrong. Scaling and automation of my company only happened after I thoroughly listened to the advice of some who had experience in areas I didn't.
Here are three mistakes I learned in the scaling process that can help you learn to scale your business today!
Mistake #1: Scaling can happen once I've made it all work myself first.
The issue with believing you can begin scaling once you've made the business function well with you as the primary caretaker is that you have set the business up to function with only one person. Creating a vision of scaling for the beginning, or starting now, is super important because it completely changes the model of the business. A scalable business needs to start with the employees first, allowing them to grow with the business and feel pride and ownership of the business. No one will ever replace you in your business; no employee will ever have the love or drive to take it as far as you do, so don't expect them to.
Mistake #2: Hire people based on experience.
When you hire people based on experience, they cost more. Which means they will be willing to leave is they are offered more money elsewhere. It is essential to hire based on vision and potential instead. You can train anyone how to do a job; it's harder to have someone who is already trained to learn how you do things instead. Not to mention when you hire employees based on potential, you allow them to grow with your business, which breeds loyalty you can never buy.
Mistake #3: I have to control every aspect of the business.
If you try to be the person everyone goes to for their questions, you will never be able to allow the business to grow beyond you. It's important to empower your employees to be problem solvers themselves. You have to allow the employees to feel like they have power and can make decisions; this will enable them to have pride in the business themselves.
Scaling any business is possible; it just has to be set up properly to allow such growth. Keep the vision of scaling in mind as you make decisions on how you conduct business and how you grow. When you let go of the reigns a little, it allows you to sit back and watch your team excel.
Remember, you are loved, accepted, and adored. Encourage your team to feel that as well.
Casey Nicole Fox
Casey Nicole Fox is a partner in all of Stegela’s corporations and she is the “Bulldog,” the one to answer to if you mess up, our “Vice Principle.” Casey is a successful young entrepreneur.
In addition to being a partner at Stegela, she owns multiple businesses, is starting a nonprofit, and is starting her career in the Real Estate industry. All of her businesses are for-purpose and she really emphasizes the need to give back as an entrepreneur.
Casey is a prolific writer and an avid podcaster. She started her entrepreneurial journey only 4 years ago, having to radically change her mindset from employee (having 4 jobs) to entrepreneur (owning 4 companies).